1. Summary Information
|
|
|
Country |
|
|
Company Name |
LINK TELECOM
PRIVATE LIMITED |
Principal Name 1 |
Mr. Subhash Subberwal |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Deepak Gupta |
|
|
|
Registration # |
21-094239 |
|
Street Address |
9, |
||
|
Established Date |
15.02.2002 |
SIC Code |
-- |
|
Telephone# |
91-33-24863426 / 24863428 / 24863427 |
Business Style 1 |
Distributor |
|
Fax # |
91-33-24863426 |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
Samsung Handset Mobiles |
|
# of employees |
Above 50 |
Product Name 2 |
Accessories |
|
Paid up capital |
Rs.
2,500,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relative
of directors-100% |
Banking |
ICICI Bank |
|
Public Limited Corp. |
NO |
Business Period |
9 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba
(45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
347,516,000 |
Current Liabilities |
213,997,000 |
|
Inventories |
223,993,000 |
Long-term Liabilities |
-- |
|
Fixed Assets |
1,838,000 |
Other Liabilities |
305,610,000 |
|
Deferred Assets |
49,000 |
Total Liabilities |
519,607,000 |
|
Invest& other Assets |
3,000 |
Retained Earnings |
51,292,000 |
|
|
|
Net Worth |
53,792,000 |
|
Total Assets |
573,399,000 |
Total Liab. & Equity |
573,399,000 |
|
Total Assets (Previous Year) |
331,987,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
4,744,516,000 |
Net Profit |
34,784,000 |
|
Sales(Previous yr) |
2,683,237,000 |
Net Profit(Prev.yr) |
13,052,000 |
MIRA
INFORM REPORT
|
Report Date : |
29.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
LINK TELECOM PRIVATE LIMITED |
|
|
|
|
Registered Office : |
23A, |
|
|
|
|
Country : |
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|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
15.02.2002 |
|
|
|
|
Com. Reg. No.: |
21-094239 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U64202WB2002PTC094239 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
CALL01081D |
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|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business : |
Distributor of Samsung Handset Mobiles and Accessories. |
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 215168 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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|
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are fair. Business is active. Payments are reported as 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. P Chatterjee |
|
Designation : |
Manager |
LOCATIONS
|
Registered Office : |
23A, |
|
Tel. No.: |
91-33-24863427 |
|
Fax No.: |
91-33-24863426 |
|
E-Mail : |
|
|
|
|
|
Branches: |
Located at: · Bhunaveshar ·
·
·
· Guwahati |
DIRECTORS
AS ON 15.07.2010
|
Name : |
Mr. Subhash Subberwal |
|
Designation : |
Chairman |
|
Address : |
112A, Block A , 5th Floor, Tivoli Court, Ballygunge
Circular Road, Kolkata-700 019, West Bengal, India |
|
Date of Birth/Age : |
12.03.1943 |
|
Qualification: |
MBA |
|
Date of Appointment : |
15.02.2002 |
|
Election Commission
Identity Card No.: |
WB/23/146/147537 |
|
|
|
|
Name : |
Mr. Deepak Gupta |
|
Designation : |
Director |
|
Address : |
II / DIO / Aasha, |
|
Date of Birth/Age : |
22.09.1958 |
|
Qualification: |
Post Graduate |
|
Date of Appointment : |
15.02.2002 |
KEY EXECUTIVES
|
Name : |
M/S S |
|
Designation : |
Company Secretary |
|
Address : |
UG 05, 01A, Udayan, The Condoville, 1050/1, |
|
Tel No.: |
91-33-24163983 |
|
|
|
|
Name : |
Mr. P Chatterjee |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 15.07.2010
|
Names of Shareholders |
No. of Shares |
|
Subhash Subberwal |
105000 |
|
Deepak Gupta |
105000 |
|
Anita Subberwal |
10000 |
|
Naina Subberwal |
10000 |
|
Seema Gupta |
10000 |
|
Nikhil Gupta |
10000 |
|
Jalan Brothers Limited |
31250 |
|
Pashupati Commerce Private Limited |
31250 |
|
Total |
312500 |
Equity Shares Breakup
AS ON 15.07.2010
|
Category |
Percentage |
|
Bodies Corporate |
50.00 |
|
Directors or relative of directors |
50.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributor of Samsung Handset Mobiles and Accessories |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Credit (70 to 80 days) |
GENERAL INFORMATION
|
Customers : |
|
|
|
|
|
No. of Employees : |
Above 50 |
|
|
|
|
Bankers : |
Canara Bank, Kundanbagh, Begumpet, |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
- |
|
|
|
|
Auditors : |
|
|
Name : |
Nityananda Saha Chartered Accountants |
|
Address : |
560, Dakshindari, Lahabagan, Kolkata-700 048, West |
|
Tel No.: |
91-33-65211210 |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250000 |
Equity shares |
Rs.10/- each |
Rs.2.500 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250000 |
Equity shares |
Rs.10/- each |
Rs.2.500 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 |
2.500 |
2.500 |
2.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
51.292 |
20.437 |
10.336 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
53.792 |
22.937 |
12.836 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
225.788 |
14.273 |
0.014 |
|
|
2] Unsecured Loans |
79.822 |
55.433 |
40.873 |
|
|
TOTAL BORROWING |
305.610 |
69.706 |
40.887 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.008 |
|
|
|
|
|
|
|
|
TOTAL |
359.402 |
92.643 |
53.731 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.838 |
1.961 |
1.896 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.010 |
|
|
DEFERREX TAX ASSETS |
0.049 |
0.039 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
223.993
|
103.228
|
89.818
|
|
|
Sundry Debtors |
146.176
|
79.170
|
74.720
|
|
|
Cash & Bank Balances |
144.812
|
132.764
|
105.110
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
56.528
|
14.818
|
10.281
|
|
Total
Current Assets |
571.509
|
329.980
|
279.929
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
|
Other Current Liabilities |
|
|
|
|
|
Provisions |
14.769
|
15.810
|
5.861
|
|
Total
Current Liabilities |
213.997
|
239.344
|
228.114
|
|
|
Net Current Assets |
357.512
|
90.636
|
51.815
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.003 |
0.007 |
0.010 |
|
|
|
|
|
|
|
|
TOTAL |
359.402 |
92.643 |
53.731 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4744.516 |
2683.237 |
1551.235 |
|
|
|
Other Income |
10.826 |
0.857 |
0.558 |
|
|
|
TOTAL |
4755.342 |
2684.094 |
1551.793 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
58.839 |
21.728 |
8.915 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
24.055 |
8.676 |
3.073 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
34.784 |
13.052
|
5.842 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
0.73
|
0.49
|
0.38
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.24
|
0.81
|
0.38
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.26
|
6.55
|
2.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
1.09
|
0.95
|
0.46 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
9.66 |
13.47 |
20.96
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.67 |
1.38 |
1.23
|
LOCAL AGENCY FURTHER INFORMATION
Note:
The Registered Office of the company has been shifted from Shanti
Niketan, Suite No. 10, 1st Floor,
The Registered Office of the company has been shifted from 9,
Trade References:
· Karuna Management Services Private Limited, (Kolkata)
· Star Info Tech, (Guwahati)
· Archi Info Tech (Guwahati)
Bankers Charges
Report as per Registry
FORM 8
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U64202WB2002PTC094239 |
|
Name of the
company |
LINK TELECOM PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
9, |
|
Type of charge |
Others |
|
Particular of
charge holder |
Standard
Chartered Bank, Credit Risk Control,
Naran Manzil, 23 Barakhamba Road, New Delhi-110001, Delhi, India Email : Suresh.Nair@sc.com |
|
Nature of
description of the instrument creating or modifying the charge |
Deed of charge
and irrevocable lien and set-off over fixed deposits / cash deposits. |
|
Date of
instrument Creating the charge |
01.10.2009 |
|
Amount secured by
the charge |
Rs. 10.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest
: As per agreement. Terms of
Repayment : As per agreement. Margin : As per agreement. Extent and
Operation of the charge : Extent and
operation – 100% |
|
Short particulars
of the property charged |
Hypothecation by
way of first and exclusive charge over fixed deposit including interest over the
deposit in favour of the Bank. |
|
Name of the company |
LINK TELECOM PRIVATE LIMITED |
|
Presented By |
The 31 B B D Bag, Kolkata-700001, West |
|
1) Date and description
of instrument creating the change |
Agreement for
loan / Overdraft against hypothecation of credit Card receivables executed by
M/s Link Telecom Private Limited on 20.09.2005 in favour of The Hong Kong and
Shanghais Banking Corporation Limited (the
bank ) |
|
2) Amount secured
by the charge/amount owing on the securities of charge |
Rs. 6.000
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 credit card receivables due to usage of credit card issued by any
credit card issuing entity, owing and payable ore which may at any time
during the continuance of the security become due owing or payable to the
company in the course of its business by any person , firm, company or body corporate. |
|
4) Gist of the
terms and conditions and extent and operation of the charge. |
In consideration of loan / Overdraft / other Banking facilities
sanctioned by the bank to the company, the company has hypothecated and
charged o the bank by way of first charge as a continuing, security, the
assets mentioned in item No. 3 above to secure the repayment of the advances
together with Interest cost and all other charge. Interest at the rate of
10.00% per annum shall be payable by the company, subject however that the
bank shall have the right of change the rate of Interest after giving notice
to the company. The company shall
maintain such margin of security as may be specified by the bank from time to
time. In case the company fails to fulfill its obligation under the
agreement, the bank shall be entitled to rake possession of the hypothecated
properties and sell them by public auction or private contract and utilize. |
|
5) Name and
Address and description of the person entitled to the charge. |
The 31 B B D Bag,
Kolkata-700001, West |
|
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 |
|
Corporation identity number or foreign company registrations number of
the company |
U64202WB2002PTC094239 |
|
Name of the company |
LINK TELECOM PRIVATE LIMITED |
|
Address |
9, |
|
This Form is for |
Modification of Charge |
|
Type of Charges |
· Book Debts · Movable Property · Floating Charge · Others |
|
Particular of the charge holder
|
State Bank of Email : sbp5027@yahoo.co.in |
|
Nature or description of the instrument creating charge |
Letter regarding the grant of individual
limits within the overall limit Supplementary agreement of hypothecation
of goods and assets for increase in the overall limit |
|
Date of the instrument creating charge |
10.12.2007 |
|
Amount Secure by the charge |
RS. 15.000 millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest : The Bank reserves the right to charge Interest , commission , discount
, cost charges at such rates (s) as may be determined by the bank from time
to time according to Banking Norms and RBI guidelines, the present rate of
Interest being:- For cash credit @ 1.60% above BPLR i.e @ 14.60% art present on Monthly
rests. Terms of repayment: Cash credit on Demand as agreed between Borrower and Bank Margin: Finished goods - 30% Book debts – 50% (not more than 7 days old) Extent and operation of the charge The charge operated as first charge basis on the whole of hypothecated
fixed assets , Equipments, computers, furniture and all other assets ( Except
Car) and variable assets created to created in future. Others: The borrower shall not do or not allow anything which may prejudice
the security and shall comply with the terms and conditions of the agreement. All other terms and conditions continue to remain as before in full
force effect. |
|
Short particulars of the Property charged |
Hypothecation of the company current assets and stock of Mobile handsets
and accessories, receivable , goods in transit , book debts and other current
assets both present and future and
particulars of the properties and all other terms and conditions continue to
remain as before in full force effect. |
|
Corporate
identity number of the company |
U64202WB2002PTC094239 |
|
Name of the
company |
LINK TELECOM PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
23A, |
|
This form is for |
Modification of
charge |
|
Type of charge |
Book Debts Movable Property Floating Charge |
|
Particular of
charge holder |
Citibank N.A |
|
Nature of
instrument creating charge |
Deed of modification
for Goods Security Agreement. |
|
Date of
instrument Creating the charge |
14/12/2010 |
|
Amount secured by
the charge |
Rs.220.000
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest As per sanction
terms and as may be decided by the bank and company mutually from time to
time. Terms of
Repayment Repayable on
demand, annually renewable. Margin Borrower shall at
all times during the continuance of the security maintain a sufficient amount
to provide the margin of security as may from time to time advised by the
bank. Extent and
Operation of the charge First exclusive
charge on the current assets (including stocks and book debts) and movable
fixed assets (including plant and machinery, office equipment, furniture and
fixtures etc.) of the borrower both present and future in favour of Citibank
N.A Kolkata for the repayment of all monies in respect of the credit
facility, including outstanding balance and also all interest, costs, charges
and expenses. |
|
Short particulars
of the property charged |
Current assets
(including stocks and book debts) and movable fixed assets (including plant
and machinery, office equipment, furniture and fixtures etc.) of the borrower
both present and future. |
|
Date of
instrument modifying the charge |
23/11/2010 |
|
Particulars of
the present modification |
By this
modification, the overall limit is enhanced from Rs. 130.000 Millions to
220.000 Millions and the charge is secured by First exclusive charge on the
current assets (including stocks and book debts) and movable fixed assets
(including plant and machinery, office equipment, furniture and fixtures
etc.) of the borrower both present and future. |
Fixed Assets:
·
Computer Systems
·
Air Conditioner and Water Cooler
·
Fax Machine
·
Furniture and Fixture
·
Office Equipments
·
Maruti Cargo Van
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.44.78 |
|
|
1 |
Rs.71.63 |
|
Euro |
1 |
Rs.62.96 |
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.