MIRA
INFORM REPORT
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Report Date : |
30.07.2011 |
IDENTIFICATION DETAILS
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Name : |
KALBHOR CONSTRUCTION COMPANY PRIVATE LIMITED |
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Registered
Office : |
Suryodaya Complex, Kalbhor Nagar, Chinchwad, Pune-411019, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
23.09.1985 |
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Com. Reg. No.: |
11-037558 |
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Capital Investment
/ Paid-up Capital : |
Rs.7.000
Millions |
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CIN No.: [Company Identification
No.] |
U45201MH1985PTC037558 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNEK05701D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Construction Activity. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
No Business Activity |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
As informed by Mr. Madhukar Kalbhor, director that the company has no
business activity since many years due to some family problems. Payments
terms are unknown. Initially, the company can be considered for business dealings on a
safe and secured trade terms and conditions. The profit and loss of the company is not available. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INFORMATION PARTED BY
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Name : |
Mr. Madhukar Shankar Kalbhor |
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Designation : |
Director |
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Date : |
29.07.2011 |
LOCATIONS
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Registered Office : |
Suryodaya Complex, Kalbhor Nagar, Chinchwad, Pune-411019, |
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Tel. No.: |
91-20-27477889 / 27474920 / 27474953 |
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E-Mail : |
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Head Office : |
Kalbhor Corporate, Opposite Force Motors Limited, Taljai Vasti,
Akurdi, Pune-411035, |
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E-Mail : |
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Ideal Corporate Office: |
D-3 Block, Plot No. 91, Behind Magnet Hyper Market, Chinchwad,
Pune-411019, |
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Tel. No.: |
91-20-64100642 |
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Baramati Office: |
Near |
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Tel. No.: |
91-2112-222802 |
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Fax No.: |
91-2112-222802 |
DIRECTORS
As on 30.09.2010
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Name : |
Mr. Vithal Somaji Kalbhor |
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Designation : |
Director |
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Address : |
Tuljai Vasti, Bank of |
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Date of Birth/Age : |
30.09.1947 |
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Date of Appointment : |
23.09.1985 |
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Din No.: |
01770853 |
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Name : |
Mr. Madhukar Shankar Kalbhor |
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Designation : |
Director |
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Address : |
Plot No. 619, Sector No. 25, Pradhikaran, Nigdi, Pune-411044, |
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Date of Birth/Age : |
01.06.1949 |
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Date of Appointment : |
23.09.1985 |
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Din No.: |
01770843 |
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Name : |
Mrs. Snehalata Madhukar Kalbhor |
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Designation : |
Director |
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Address : |
Plot No. 619, Sector No. 25, Pradhikaran, Nigdi, Pune-411044, |
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Date of Birth/Age : |
06.08.1955 |
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Date of Appointment : |
23.09.1985 |
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Din No.: |
00410002 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
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Names of Shareholders |
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No. of Shares |
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Vithal Somaji Kalbhor |
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17500 |
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Madhukar Shankar Kalbhor |
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10500 |
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Snehalata Madhukar Kalbhor |
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10500 |
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Dhananjay V. Kalbhor |
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10500 |
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Ajinkya V. Kalbhor |
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10500 |
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Chetan V. Kalbhor |
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10500 |
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Total |
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70000 |
As on 30.09.2010
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Equity Share Breakup |
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Percentage of Holding |
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Category |
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Directors
or relatives of directors |
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100.00 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Construction Activity. |
GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
Co-operative Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Nilesh Nahata and Company Chartered Accountant |
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Address : |
101/1, 1st Floor, Mahadev Apartment, |
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Tel. No.: |
91-20-27438178 |
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Mobile No.: |
91-9822065433 |
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Associates: |
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CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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75000 |
Equity Shares |
Rs.100/- each |
Rs.7.500 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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70000 |
Equity Shares |
Rs.100/- each |
Rs.7.000
Millions |
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
7.000 |
7.000 |
7.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
1.805 |
1.808 |
1.815 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
8.805 |
8.808 |
8.815 |
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LOAN FUNDS |
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1] Secured Loans |
0.801 |
1.614 |
1.963 |
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2] Unsecured Loans |
0.066 |
0.066 |
0.066 |
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TOTAL BORROWING |
0.867 |
1.680 |
2.029 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
9.672 |
10.488 |
10.844 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.009 |
0.010 |
0.012 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.063 |
0.063 |
0.063 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Work in Progress |
19.923
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19.642 |
18.888 |
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Sundry Debtors |
0.082
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0.082 |
0.082 |
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Cash & Bank Balances |
0.013
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0.013 |
0.009 |
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Loans & Advances |
0.005
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0.005 |
0.005 |
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Deposits |
0.040
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0.040 |
0.040 |
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Total
Current Assets |
20.063
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19.782 |
19.024 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
0.632
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0.570 |
0.521 |
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Other Current Liabilities |
9.808
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8.771 |
7.714 |
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Provisions |
0.023
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0.026 |
0.020 |
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Total
Current Liabilities |
10.463
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9.367 |
8.255 |
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Net Current Assets |
9.600
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10.415 |
10.769 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
9.672 |
10.488 |
10.844 |
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KEY RATIOS
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PARTICULARS |
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31.03.2010 |
31.03.2009 |
31.03.2008 |
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Debt Equity Ratio (Total Liability/Networth) |
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1.29
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1.25 |
1.17 |
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Current Ratio (Current Asset/Current Liability) |
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1.92
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2.11 |
2.30 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
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Particulars |
31.03.2010 (Rs. in millions) |
31.03.2009 (Rs. in millions) |
31.03.2008 (Rs. in millions) |
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Sundry Creditors |
0.632
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0.570 |
0.521 |
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.44.15 |
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|
1 |
Rs.72.10 |
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Euro |
1 |
Rs.63.10 |
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.