MIRA
INFORM REPORT
|
Report Date : |
02.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
LEEBO METALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Room No.28, 4th Floor, Sukaushal Niwas, 187-191, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
31.01.1995 |
|
|
|
|
Com. Reg. No.: |
11-085090 |
|
|
|
|
Paid-up Capital
: |
Rs. 17.003 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31300MH1995PTC085090 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUML03743F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACL3901C |
|
|
|
|
Legal Form : |
Private Limited Liability
Company |
|
|
|
|
Line of Business
: |
Manufacturer of
Copper Wires, Strips, Rods, Bars Section and Profiles. |
|
|
|
|
No. of Employees
: |
140 (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 362000 |
|
|
|
|
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 |
INFORMATION PARTED BY
|
Name : |
Mr. Vimal |
|
Designation : |
Finance Department |
LOCATIONS
|
Registered Office : |
Room No.28, 4th Floor, Sukaushal Niwas, 187-191, |
|
Tel. No.: |
91-22-40484212/ 32971299/ 66151731 |
|
Fax No.: |
91-22-40484214 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
250 sq ft |
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No.8, 9 & 15, Premier Industrial Area, Kachigam, Daman – 396
210, |
|
Tel. No.: |
91-260-3201761/ 3251761 |
|
Fax No.: |
91-260-2243314 |
|
E-Mail : |
|
|
Area : |
1800 sq mtrs. (approximately) |
|
Location : |
Owned |
|
|
|
|
Marketing Office : |
104 and 105, Gundecha Industrial Estate, Next to Big Bazar, Akurli Road, Kandivli (East), Mumbai - 400 101, Maharashtra, India |
|
Tel. No.: |
91-22-40484201 to 4229 |
|
Fax No.: |
91-22-28858380/40484230 |
|
E-Mail : |
DIRECTORS
As on 28.09.2009
|
Name : |
Mr. Rajesh Kumar S. Agarwal |
|
Designation : |
Director |
|
Address : |
Flat No.203/B, Poonam Apartments, Shiv Sagar Estate, De. |
|
Date of Birth/Age : |
16.08.1972 |
|
Qualification : |
B.Com |
|
Experience : |
More than 12 Years Experience in Copper/ Metals Field |
|
Date of Appointment : |
31.03.2004 |
|
|
|
|
Name : |
Mrs. Usha Rani S. Agarwal |
|
Designation : |
Director |
|
Address : |
Flat No.203/B, Poonam Apartments, Shiv Sagar Estate, De. |
|
Date of Birth/Age : |
05.11.1952 |
|
Qualification : |
HSC |
|
Date of Appointment : |
01.09.1996 |
KEY EXECUTIVES
|
Name : |
Mr. Vimal |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2009
|
Names of Shareholders |
|
No. of Shares |
|
Rajesh Kumar S. Agarwal |
|
750100 |
|
Usha Rani S. Agarwal |
|
800200 |
|
Navin S.K. Agarwal |
|
150000 |
|
Total
|
|
1700300 |
As on 28.09.2009
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of
Copper Wires, Strips, Rods, Bars Section and Profiles. |
|
|
|
|
Products : |
|
|
|
|
|
Imports : |
|
|
Products : |
Copper Scraps |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and credit |
|
|
|
|
Purchasing : |
L/C, Cash and Credit |
PRODUCTION STATUS (As on 31.03.2010)
|
Particulars |
|
|
|
2009-10 |
|
Actual Production (In Kgs.) |
|
|
|
2081662.550 |
|
|
|
|
|
|
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||
|
|
|
|||||||||||||||
|
Customers : |
Corporates
|
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
140 (approximately) |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
|
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R.N. Agarwal and Company Chartered Accountants |
|
Address : |
Rajmahal, 3rd Floor, 13, |
|
Tel. No.: |
91-22-22415310 |
|
Fax No.: |
91-22-22413160 |
|
|
|
|
Associates/Subsidiaries : |
Omega Rolling
Mills Private Limited Address: Tarapur, Boisar Line of Business: Manufacturing of Furnaces. |
CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1700300 |
Equity Shares |
Rs.10/- each |
Rs.17.003
millions |
|
|
|
|
|
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1750000 |
Equity Shares |
Rs.10/- each |
Rs.17.500 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1700300 |
Equity Shares |
Rs.10/- each |
Rs.17.003
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 |
17.003 |
17.003 |
9.503 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
73.601 |
63.011 |
77.636 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
90.604 |
80.014 |
87.139 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
98.545 |
34.416 |
39.755 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
98.545 |
34.416 |
39.755 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
189.149 |
114.430 |
126.894 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
51.350 |
47.028 |
13.497 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
6.628 |
4.526 |
1.735 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
49.755
|
27.041 |
44.074 |
|
|
Sundry Debtors |
66.128
|
23.753 |
60.469 |
|
|
Cash & Bank Balances |
4.425
|
5.554 |
1.555 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
37.084
|
33.670 |
39.742 |
|
Total
Current Assets |
157.392
|
90.018 |
145.840 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
11.623
|
13.858 |
20.858 |
|
|
Other Current Liabilities |
3.610
|
0.919 |
3.932 |
|
|
Provisions |
10.988
|
12.365 |
9.388 |
|
Total
Current Liabilities |
26.221
|
27.142 |
34.178 |
|
|
Net Current Assets |
131.171
|
62.876 |
111.662 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
189.149 |
114.430 |
126.894 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
735.975 |
548.915 |
648.289 |
|
|
|
Other Income |
0.491 |
0.407 |
0.700 |
|
|
|
TOTAL (A) |
736.466 |
549.322 |
648.989 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Direct Expenses |
709.645 |
525.800 |
600.185 |
|
|
|
Payment to and Provision for Employees |
1.903 |
1.427 |
1.208 |
|
|
|
Office and Administrative Expenses |
7.632 |
6.420 |
4.087 |
|
|
|
Selling and Distribution Expenses |
1.722 |
2.468 |
4.007 |
|
|
|
Speculation Loss |
0.000 |
0.181 |
1.098 |
|
|
|
Increase/ Decrease in Stock (Metal) |
(22.715) |
17.033 |
12.498 |
|
|
|
TOTAL (B) |
698.187 |
553.329 |
623.083 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
38.279 |
(4.007) |
25.906 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
11.814 |
8.562 |
5.471 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
26.465 |
(12.569 |
20.435 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
13.487 |
1.986 |
2.235 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
12.978 |
(14.555) |
18.200 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.388 |
0.070 |
4.678 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
10.590 |
(14.625) |
13.522 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
63.011 |
77.636 |
64.114 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
73.601 |
63.011 |
77.636 |
|
|
|
|
|
|
|
|
|
|
IMPORT VALUE |
USD 24935780.00 |
USD 15802171.00 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.24
|
NA |
NA |
|
Expected Sales (2010-11): Rs.1100.000 millions
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.44
|
(2.66) |
2.08 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.76
|
(2.65) |
2.81 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.22
|
(10.62) |
11.42 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14
|
(0.18) |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.38
|
0.77 |
0.85 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.00
|
3.32 |
4.27 |
LOCAL AGENCY FURTHER INFORMATION
Note:
The registered office of the company has been shifted from 177/ 179, Laxmi House, Kalbadevi Road, Mumbai – 400 002, Maharashtra to the present address w.e.f. 01.11.2006.
OPERATIONS:
The Net Sales of the company during the year was Rs.735.975 millions as against Rs.548.915 millions for the previous year.
Further, the Board will strive further to increase the sales of the company in the forthcoming financial year.
Form 8:
|
Name of the company |
LEEBO METALS PRIVATE LIMITED |
||||||||
|
Presented By |
State Bank of |
||||||||
|
1) Date and description of instrument creating the change |
a. General
Agreement for grant of small industrial advances and hypothecation of
movables, book debts and other assets (W.C.F.) b. Ancillary
Agreement No.1 c. Ancillary
Agreement No.6 All the above
agreements are dated 24.10.2003 and executed for the creation of a single
charge. |
||||||||
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs.50.000
millions
|
||||||||
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
All present and
future goods, book debts, movables and other assets including documents
outstanding moneys, receivables, claims, bills, invoices, documents, contracts,
engagements, securities, investments and rights and the present and future
machinery, raw material, stores and spares, finished goods, stock in process,
book debts (cover period 90 days), Letter of Credit and Bank Guarantees. |
||||||||
|
4) Gist of the terms and conditions and extent and operation of the charge. |
R.O.I.: 1.60%
over the State Bank of Advance rate with
a minimum of 12.10% p.a. with monthly rest. Margin: Raw
materials – 30% Stores and Spares
– 30% Finished Goods –
40% Stock in process
– 30% Book debts (Cover
period 90 days) – 40% Letter of Credit
– 25% Bank Guarantees –
25% |
||||||||
|
5) Name and Address and description of the person entitled to the charge. |
State Bank of |
||||||||
|
6) Date and brief description of instrument modifying the charge |
Not Applicable |
||||||||
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
Not
Applicable |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
80049290 |
|
Corporate
identity number of the company |
U31300MH1995PTC085090 |
|
Name of the
company |
LEEBO METALS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Room No.28, 4th Floor, Sukaushal Niwas, 187-191, |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
State Bank of India, Branch Mid Corporate Loan Administration Unit,
Shri Hari Building, RTO Lane, 4, Bunglows, Andheri (West), Mumbai – 400 053,
Maharashtra, India E-Mail: sd.pandit@sbi.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
Memorandum for
Recording Extension of Mortgage by Deposit of Title Deeds |
|
Date of instrument
Creating the charge |
05.02.2009 |
|
Amount secured by
the charge |
Rs.133.500
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: On DCC - 1% above
SBAR with monthly rest On SLOC - 1%
above applicable rate to DCC Terms of
Repayment: Working Capital -
on demand Term Loan - in 36
monthly installments of Rs.0.833 million each, the first installment to
commence on April, 2009 and the last installment to fall due on March, 2012 Margin: As prescribed by
the Bank from time to time. Extent and
Operation of the charge: First charge |
|
Short particulars
of the property charged |
1) Flat No. B-22, admeasuring 900 sq. feet, on
2nd floor in Kaveri CHS Limited., situated on Plot no. 63, Sector 17
(D.B.C.), Vashi, District Thane, 2) Plot No. 17/8, admeasuring 1,000 sq.
meters, in Taloja Industrial Area, Village Navade, Taluka Panvel, District
Raigad. |
|
Date of latest
modification prior to the present modification |
05.02.2009 |
|
Particulars of
the present modification |
Equitable
mortgage created on 27.11.2003 on immovable properties of the Company as
described, and extended on 18.09.2008 to secure the enhanced credit
facilities of Rs.103.500 millions, further extended to secure the additional
credit limit of Rs.30.000 millions. Hence, total amount of charge secured by
equitable mortgage of aforesaid immovable properties stands enhanced from
Rs.103.500 millions to Rs.133.500 millions. |
FIXED ASSETS:
·
Office Premises
·
·
Office Equipments
·
Vehicles
·
Electrical Installation
·
Plant and Machinery
·
Land
·
Building
·
Computers
·
Air Conditioner
WEBSITE DETAILS:
PROFILE:
Subject, established in 1995, is the dream of Shri S.K. Agarwal, a visionary who set the ship of Leebo sailing on the global seas towards ports of achievements, manufacturing Copper based products like Copper Strips/ Flats, Rounds, etc.
Leebo is now led by
the young and dynamic Mr. Rajesh
Agarwal, who is steering ship to greater shores of
glory. A management graduate, having developed proficiency in the technical
aspects of manufacturing in various departments, has more than a decade of
experience in this field.
The manufacturing unit is located at Daman in U.T. - 180 km
from
With world class manufacturing facilities, and continuously
upgrading to new technologies, Leebo offers products of international standards. The Company is among
the few top manufacturers in
Moving towards continuous growth and excellence in maintaining consistency in quality, Leebo is going for ISO Certification.
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.44.89 |
|
|
1 |
Rs.73.85 |
|
Euro |
1 |
Rs.64.76 |
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 |
YES |
|
--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.