MIRA
INFORM REPORT
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Report Date : |
02.11.2011 |
IDENTIFICATION DETAILS
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Name : |
JAIHIND INFRA TECH PROJECTS PRIVATE LIMITED |
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Registered
Office : |
3rd Floor, Venus Atlantis Nr. Reliance Petrol Pump, Near Prahlad
Nagar Gardan, Anand Nagar Road, Vejalpur, Ahmedabad – 380015, Gujarat |
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Country : |
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Date of
Incorporation : |
22.04.2010 |
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Com. Reg. No.: |
060364 |
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Capital
Investment / Paid-up Capital : |
Rs. 68.000 Millions |
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CIN No.: [Company Identification
No.] |
U45201GJ2010PTC060364 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
AHMJ04298A |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Construction of Roads, Buildings and Bridges. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
--- |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and yet to establish itself gradually. Ms.
Vinodini, Key Executive provided to us few general information and denied to disclose
other details of the concern. Trade relations are reported as fair. Business
is active. Payments are unknown. The company can be considered for business dealings on a secured 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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY (General Details)
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Name : |
Ms. Vinodini |
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Designation : |
Key Executive |
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Contact No.: |
91-79-40501300 |
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Date : |
01.11.2011 |
LOCATIONS
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Registered Office : |
3rd Floor, Venus Atlantis Near Reliance Petrol Pump, Near
Prahlad Nagar Gardan, Anand Nagar Road, Vejalpur, Ahmedabad – 380015,
Gujarat, India |
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Tel. No.: |
91-79-40501300 |
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Fax No.: |
91-79-27461256 |
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E-Mail : |
vrao@jpcl.co.in |
DIRECTORS
As on 16.08.2011
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Name : |
Mr. Chandwani Harish Ghurialdas |
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Designation : |
Managing Director |
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Address : |
701, |
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Date of Appointment : |
22.04.2010 |
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Name : |
Ms. Nita Prakash Hinduja |
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Designation : |
Director |
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Address : |
D-59, Aryaman Bunglow, |
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Date of Appointment : |
22.04.2010 |
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Name : |
Mr. Gaurav Prakash Hinduja |
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Designation : |
Managing Director |
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Address : |
D-59, Aryaman Bunglow, |
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Date of Appointment : |
22.04.2010 |
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Name : |
Mr. Mahesh K. Batra |
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Designation : |
Whole time director |
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Address : |
A-5, Dashmesh Nagar Society, Behind Jantanagar, Ahmedabad – 382424, |
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Date of Appointment : |
22.04.2010 |
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Name : |
Mr. Darshan Bipin Mehta |
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Designation : |
Additional Director |
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Address : |
Divya House No. 132, Sanskar Nagar, Bhuj, |
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Date of Appointment : |
08.07.2011 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.06.2011
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Names of Shareholders |
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No. of Shares |
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Jaihind Projects Limited, Ahmedabad |
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6600000 |
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Mr. Gaurav P. Hinduja |
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200000 |
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Total |
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6800000 |
AS ON 21.10.2011
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Equity Share
Breakup |
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Percentage of
Holding |
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Category |
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Bodies corporate |
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97.06 |
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Directors or relatives of directors |
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2.94 |
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Total
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Construction of Roads, Buildings and Bridges. |
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Terms : |
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Selling : |
L/C, Cash, Credit |
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Purchasing : |
L/C, Cash, Credit |
GENERAL INFORMATION
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No. of Employees : |
Not Divulged |
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Bankers : |
·
HDFC Bank, HDFC Bank House, Senapati Bapat Marg,
Lower Parel West, Mumbai – 400013, |
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Facilities : |
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Banking
Relations : |
-- |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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7000000 |
Equity Shares |
Rs. 10 each |
Rs. 70.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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6800000 |
Equity Shares |
Rs. 10 each |
Rs. 68.000 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
New Company
LOCAL AGENCY FURTHER INFORMATION
Note – The registered office address of the company has been shifted from 411, Shanti Arcade, Aec Crossing, 132 Ft
Ring Road, Naranpura, Ahmedabad - 380013 Gujarat, India, to present address
w.e.f. 01.07.2011
Form 8
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Corporate identity number of the company |
U45201GJ2010PTC060364 |
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Name of the company |
JAIHIND INFRA
TECH PROJECTS PRIVATE LIMITED |
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Address of the registered office or of the
principal place of business in |
411, Shanti Arcade, Aec Crossing, 132 Ft
Ring Road, Naranpura, Ahmedabad - 380013 Gujarat |
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This form is for |
Creation of charge |
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Type of charge |
Movable Property |
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Particular of charge holder |
HDFC Bank, HDFC Bank
House, Senapati Bapat Marg, Lower Parel West, Mumbai – 400013, Email Cpu-retailassetoperations.rocefiling@hdfcbank.com |
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Nature of instrument creating charge |
Agreement for Loan and Guarantee. (Contracts No.: 3371578) |
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Date of instrument Creating the charge |
14.05.2011 |
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Amount secured by the charge |
Rs. 2.266 Millions |
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Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest Interest @ 11.51 % p.a. Terms of Repayment The Loan is repayable in 35 EMIs of
Rs.0.076 million starting from 15th
June, 2011 ending on 15th April, 2014. Margin As may be stipulated by bank from time to
time. Extent and Operation of the charge The Company hypothecates to and charges in
favour of the Bank by way of first and exclusive charge of the Vehicle/
equipment described in Item No. 15 as security for the repayment/payment by
the company of the loan granted or to be granted to the company by the Bank
together with all fees, interest,
costs and expenses incurred/to be incurred by the Bank and all other monies
payable or to become payable by the company to the Bank. Others The Bank shall be absolutely entitled and
have full power and authority to sell, assign or transfer in any manner, in
whole or in part, and in such manner and on such terms as the Bank may
decide, including reserving a right to the Bank to retain its power to
proceed against the company on behalf of the purchaser, assignee or
transferee, any or all outstanding dues of the company, to any third party of
the Bank's choice without reference to or without written intimation to the
company. |
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Short particulars of the property charged |
Hypothecation of Equipment namely :
CONCRETE BATCHING PLANT (Year Of
Manufacture:2011) |
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Check List by
Info Agents |
Available in
Report (Yes / No) |
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1) Year of Establishment |
Yes |
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2) Locality of the firm |
Yes |
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3) Constitutions of the firm |
Yes |
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4) Premises details |
Yes |
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5) Type of Business |
Yes |
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6) Line of Business |
Yes |
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7) Promoter's background |
-- |
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8) No. of employees |
No |
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9) Name of person contacted |
Yes |
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10) Designation of contact person |
Yes |
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11) Turnover of firm for last three years |
No |
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12) Profitability for last three years |
No |
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13) Reasons for variation <> 20% |
-- |
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14) Estimation for coming financial year |
No |
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15) Capital in the business |
Yes |
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16) Details of sister concerns |
No |
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17) Major suppliers |
No |
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18) Major customers |
No |
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19) Payments terms |
Yes |
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20) Export / Import details (if
applicable) |
No |
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21) Market information |
-- |
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22) Litigations that the firm / promoter
involved in |
-- |
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23) Banking Details |
Yes |
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24) Banking facility details |
No |
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25) Conduct of the banking account |
-- |
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26) Buyer visit details |
-- |
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27) Financials, if provided |
No |
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28) Incorporation details, if applicable |
-- |
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29) Last accounts filed at ROC |
-- |
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30) Major Shareholders, if available |
-- |
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
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.49.07 |
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|
1 |
Rs.78.78 |
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Euro |
1 |
Rs.67.75 |
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.